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In accounting, this is a file or book where the general journal are postedstored. Thus, for the purpose of accounting, business and its owners are to be treated as two separate entities. If you pass the test, you should be able to pass the exam. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Free accounting principles practice test accounting. In writing off an uncollectible account by the direct writeoff method, the account credited is.
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